Meta Platforms shares fell roughly 5.5% on June 5, closing around $593 after a report from the Financial Times suggested the company was weighing a massive equity offering to fund its AI infrastructure buildout. The intraday slide reached as deep as 7% at one point, erasing an estimated $90 billion to $115 billion in market value before buyers stepped in to limit the damage.
Meta’s spokesperson called the FT report “pure speculation,” adding that no banks have been appointed and that any discussions about funding strategies remain preliminary.
The dilution fear is real
Alphabet completed an $85 billion equity sale earlier that same week, establishing a new benchmark for how much capital Big Tech is willing to raise to feed the AI machine. When Meta’s name surfaced as the next potential issuer, the pattern recognition kicked in immediately.
Meta’s capital expenditure guidance for 2026 already sits between $125 billion and $145 billion. That range was revised upward in April from the prior $115 billion to $135 billion window, with the company citing escalating memory costs and an expanded data-center footprint for AI workloads.
